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HomeIndustry & UpdatesDhampur Sugar Mills Q1 reported lower profits at Rs43.59cr on lower EBIT...

Dhampur Sugar Mills Q1 reported lower profits at Rs43.59cr on lower EBIT from sugar due to seasonal factors

Dhampur Sugar Mills Ltd reported -19.88% fall in total sales revenues for the Jun-21 quarter on consolidated basis at Rs880.28cr. On a sequential basis, revenues were down -17.59% compared to Rs1,068.11cr revenues in Mar-21 quarter, showing some impact of COVID 2.0 and also the typical sugar seasonal cycles.

In terms of verticals, the sugar segment and the power segment saw a sharp fall in revenues on yoy basis. However, the ethanol and chemicals business of Dhampur showed growth of nearly 60% revenues on yoy basis.

Net profit for Jun-21 quarter was down -20.47% at Rs43.59cr. The fall in net profits was due to sharp fall in the EBIT from sugar business due to seasonal factors. EBIT of the power business was also lower by 20% on a yoy basis.

However, the ethanol business saw sharp growth of 62% to become biggest contributor to EBIT in the quarter. Net margins for Jun-21 quarter stood at 4.95% against 4.99% in Jun-20 quarter and 8.56% in Mar-21 quarter. Dhampur will demerge Asmoli, Mansurpur and Meerganj units into Dhampur Bio organics.

Financial highlights for Jun-21 compared yoy and sequentially

Dhampur Sugar Mills
Rs in Crore Jun-21 Jun-20 YOY Mar-21 QOQ
Total Income (Rs cr) ₹ 880.28 ₹ 1,098.67 -19.88% ₹ 1,068.11 -17.59%
Net Profit (Rs cr) ₹ 43.59 ₹ 54.81 -20.47% ₹ 91.45 -52.33%
Diluted EPS (Rs) ₹ 6.57 ₹ 8.26 ₹ 13.77
Net Margins 4.95% 4.99% 8.56%

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